ARTICLES RELATING TO FINANCIAL RESULTS

Grand Parade Investments profit jumps with surprise boost from Burger King

2020-03-20 17:26

Grand Parade Investments, which recently sold its interest in Burger King in South Africa, reported a revenue growth of 19% to R844.4 million on Friday.

We'll help clients where we can, says SME lender Sasfin

2020-03-19 20:39

The bank that lends to SMEs, Sasfin, says it expects its clients to weather the coronavirus storm, but if any of them need additional credit to keep their doors open or to deal with cash flow problems because they are struggling to sell as consumers self-isolate, it will assess cases on an individual basis and see if it can help.

Foods give Pick 'n Pay supplier Libstar a boost

2020-03-18 18:32

Despite an increase in earnings, Libstar's share price fell by 5.11%

We'll have to take market share from each other, says Sanlam CEO as insurers anticipate a tough 2020

2020-03-12 09:57

Ian Kirk says 2019 was better than what he expected but 2020 will be tough and Sanlam will grow by taking customers from other insurers.

As FNB is hit by a big increase in bad debts, FirstRand warns that the SA slowdown will get worse

2020-03-10 09:22

"The South African macroeconomic environment will continue to deteriorate, probably at a faster rate than in the first half."

How misfortunes in ICBCS cost Standard Bank

2020-03-08 11:22

Standard Bank''s banking operations grew earnings by 5% but at group level, the bank reported a 'disappointing' 1% increase.

It's part of our business, says Santam as claims soar

2020-03-05 18:24

The insurer paid out R18.9 billion in gross claims - and over R800 million of this was for hail and frost-related crop insurance claims alone.

Record volumes in Mozambique ports boost Grindrod profits

2020-03-04 21:12

Grindrod said the Maputo Port achieved record volumes of over 21 million tonnes in 2019. The group's trading profit jumped 18% to R1 billion, while headline earnings rose 9% to R525 million.

We are no longer turning around, we are growing, says Liberty CEO as profit surge

2020-02-27 20:02

The insurance group, partly owned by Standard Bank, posted a 42% increase in profits for the 2019 financial year.

Curro feels the pinch as learners struggle with fees

2020-02-25 15:59

The decision to retain learners who are struggling to pay while still opening new schools started hurting Curro.

 

Banks discussing coordinated action with government, says Investec CEO

2020-03-20 14:13

Investec CEO Fani Titi says the banking sector is in talks with government on how it can help the economy cope with the impact of coronavirus and the social distancing that has slammed the brakes on the operations of some businesses.

Patrice Motsepe's ARC spends another R400m on acquisitions

2020-03-19 13:11

But the company's share price on the JSE remains depressed, trading at a huge discount to the firm's assets value.

2019 gains have been wiped off, says Old Mutual, as a tough 2020 looms

2020-03-16 18:59

Old Mutual's interim CEO says the company faced the most testing of times in 2019 after missing market expectations.

Absa's numbers show it's regaining lost ground

2020-03-11 21:00

Absa said for the first time in years, its retail and business banking customers stabilised at 9.7 million, growth that had become distant memory to the bank as customer losses in the retail business persisted over the past few years.

Trellidor earnings take a knock as SA sales slide

2020-03-09 22:02

In a statement on Monday morning, the group said declining consumer spend had hit the middle income market particularly hard - the sector where its business is most focused.

We're reclaiming market share, says upbeat Momentum Metropolitan CEO

2020-03-05 20:47

The insurer, which embarked on a "reset" strategy 18 months ago, said its market share in retail life insurance, when compared to the big 5 insurers, has increased to roughly 15% in the middle- to high-income market.

Parents are thinking differently, says Stadio, as student numbers beat targets

2020-03-05 15:52

Private higher education group Stadio says it has seen a paradigm shift in the way South African parents perceive the quality of private tertiary education, driving demand at a much faster pace than it anticipated when it listed in 2017.

Clients are struggling, says Nedbank on bad debt surge

2020-03-03 14:23

Nedbank recorded a 66% jump in impairments in the year ended in December, and its credit loss ratio deteriorated to to 82 basis points from 53 bsp in December 2018.

Game, Makro owner Massmart plunges to over R1bn loss

2020-02-27 14:45

Massmart had to impair its loss-making stores by R169.5 million.

JSE profit plunges 23% as costs outstrip dwindling equities revenue

2020-02-24 20:31

The value of equities traded increased by only 2%. Together with the reduction in trading fees caused the JSE to generate 13% less revenue from equity trading activities.

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